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Las Vegas is iconic for gambling, but it’s Macau that is almost entirely reliant on gambling today.
Las Vegas may be the original icon of gambling excess, but it’s far from the biggest gambling market in the world today. Macau’s scale is staggering in the gambling market, but spending in other areas of resorts doesn’t scale the same way in Macau as in Las Vegas. Gamblers don’t spend much at all on rooms or restaurants in Macau, segments Las Vegas has turned into the profit driver for the city. Where the money comes from for both cities can tell us a lot as investors. The starkest contrast between Macau and Las Vegas comes from the casinos’ portion of overall resort revenue. In Las Vegas, less than a quarter of revenue is coming from the casino.
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While there are so many fun and exciting things to do in Las Vegas, gambling is still a big draw for many people. If you’re headed to Sin City with dreams of winning big , it’s important to know what you’re getting into. The casino, or the house, always has the edge over gamblers, but there are ways to decrease their advantage. That means knowing which games to play, which bets to place, and how to keep a level head when you’re surrounded by all the glitzy lights and excitement of the casinos. While the house always has an advantage at a Las Vegas casino, you can increase your odds of winning money by knowing which games to play and avoiding common pitfalls. Before you head to the casino, pick a game with good odds of winning, like blackjack or craps, and practice at home. You should also set a budget for each day of gambling and avoid drinking too much alcohol, as these things will help you stay focused.
Las Vegas may be the original icon of gambling excess, but it’s far from the biggest gambling market in the world today. Macau’s scale is staggering in the gambling market, but spending in other areas of resorts doesn’t scale the same way in Macau as in Las Vegas.
Gamblers don’t spend much at all on rooms or restaurants in Macau, segments Las Vegas has turned into the profit driver for the city. Where the money comes from for both cities can tell us a lot as investors. The starkest contrast between Mony and Las Vegas comes from the casinos’ portion of overall resort revenue.
In Las Vegas, less than a quarter of revenue is maie from the casino. Below is the percentage of total resort revenue coming from each segment for some of the biggest resorts in both regions. As far as Las Vegas is behind in gambling, it’s ahead in these other areas. There are typically fewer hotel rooms in Macau resorts, but that wouldn’t be the case if there were enough demand for more rooms. Las Vegas is simply built to be a more diverse revenue generator than Macau. Las Vegas hasn’t always been so nongaming focused.
Resorts have done a good job maximizing revenue from nongaming sources over the past two decades, building nightclubs and large hotels to house guests. But Macau mxke eventually catch up. The Macau government tp limited the number of table games allowed in casinos and is encouraging newer resorts to focus more. This is giving companies a reason to maximize revenue in restaurants, theaters, and other places around resorts.
Wynn Palace, for example, has more than a dozen restaurants and dozens of shops, just like Wynn Las Vegas. It’s trying to generate more nongaming revenue, while where to make money in las vegas in mind that the casino floor is the real cash cow for the business.
If Macau can increase the revenue it generates from sources other than gaming, it would be a nice diversification for the region and bring less reliance on evgas gaming volumes for casino stocks. Owning cegas stocks isn’t mkae same all over the world. In Macau, investors are betting almost entirely on levels with very little other than wheee. In Las Vegas, the gaming floor gets a lot of attention, but it’s hotels, nightclubs, and conventions that really drive profits.
Nov 4, at AM. Author Bio Travis Hoium has been writing for fool. Follow TravisHoium. Image source: Getty Images. Stock Advisor launched in February of Join Stock Advisor. Related Articles.
Where the money comes from
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